RALEIGH, N.C. (AP) — North Carolina Senate Republicans revealed their proposed two-year state government budget proposal Monday, one that would further reduce personal income taxes but offer less generous pay raises for workers compared to what their House counterparts sought. ...

Tagged with: taxes

Three judges on a federal appeals panel appeared inclined Wednesday to reject arguments that President Donald Trump’s tax returns can’t be given to a New York grand jury because he is immune from state criminal law — even if he ...

Tagged with: taxes

  The U.S. Supreme Court heard oral arguments April 16 in a North Carolina case in which the justices will be asked to decide whether the U.S. Constitution prohibits states from taxing a trust located in another state based on ...

Tagged with: taxes

Lawyers across the country are waiting to see how the U.S. Supreme Court will rule on an issue at the intersection of tax law and trusts and estates, thanks to a dispute over the reach of North Carolina’s tax laws. ...

Tagged with: taxes

  Under the Tax Cuts and Jobs Act, far fewer taxpayers will itemize their deductions when filing their tax returns for 2018 and beyond. This has sent many charities into a bit of a panic as many would-be charitable givers ...

Tagged with: taxes

Defendant Teresa Beal was not pleased when Watauga County foreclosed upon and sold her rental property without, as she puts it, doing its due diligence to locate her and personally talk to her about her delinquent property taxes. Instead, Beal ...

Tagged with: taxes

Iames v. Commissioner of Internal Revenue (Lawyers Weekly No. 001-060-17, 14 pp.) (Wilkinson, J.) No. 16-1154, March 7, 2017; USTC; 4th Cir. Holding: A taxpayer who contested his tax liability in a preassessment hearing before the IRS’s Office of Appeals ...

Tagged with: taxes

On Feb. 17, former state Sen. Fletcher Hartsell’s decades-long career as a public servant drew to a dramatic close. Hartsell pleaded guilty to federal corruption charges, which included counts of mail fraud and filing false tax returns. The 69-year-old Republican ...

Tagged with: taxes

If you’re going into the business of preparing tax returns for clients, the No. 1 rule is probably that you shouldn’t start churning out bogus tax returns for them. And you definitely shouldn’t call attention to your business by setting ...

Tagged with: taxes

Paul Douglas Tharp may have had a few slight oversights on his recent tax returns. Namely, federal prosecutors allege the Lexington man failed to report that he owned an airport and an investment firm that generated “significant income.” Then there ...

Tagged with: taxes